Industries Ministry: 8.6% Decline in Steel Production

A total of 20.74 million tons of crude steel and steel products were produced in Iran during the first five months of the current fiscal year (March 21-Aug. 22), registering an 8.67% decline compared with 22.71 million tons in the corresponding period of last year, according to latest data released by the Ministry of Industries, Mining and Trade.
Crude steel production stood at 10.88 million tons during the period, registering a 6.8% year-on-year decline.
Iranian steelmakers produced 9.86 million tons of steel products during the same period, 10.6% less YOY.
The decline in production is the upshot of blackouts and power supply restrictions of the past few months.